Gregg L. Ziegler - 01 Dec 2025 Form 4 Insider Report for Toll Brothers, Inc. (TOL)

Role: Chief Financial Officer
Signature: /s/ Michael J. Grubb, attorney-in-fact
Issuer symbol: TOL
Transactions as of: 01 Dec 2025
Net transactions value: -$107,110
Form type: 4
Filing time: 02 Dec 2025, 17:07:26 UTC
Previous filing: 07 Nov 2025
Next filing: 23 Dec 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Ziegler Gregg L.	Chief Financial Officer	1140 VIRGINIA DRIVE, FORT WASHINGTON	/s/ Michael J. Grubb, attorney-in-fact	02 Dec 2025	0002079077

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TOL	Common Stock	Options Exercise	$0	+2,346	+15%	$0.000000	17,972	01 Dec 2025	Direct
transaction	TOL	Common Stock	Tax liability	$107,110	-766	-4.3%	$139.83	17,206	01 Dec 2025	Direct
holding	TOL	Common Stock						141	01 Dec 2025	401(k) Plan
holding	TOL	Common Stock						220	01 Dec 2025	IRA
holding	TOL	Common Stock						110	01 Dec 2025	Roth IRA
holding	TOL	Common Stock						41	01 Dec 2025	Spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	TOL	Restricted Stock Units	Options Exercise	$0	-2,346	-100%	$0.000000	0	01 Dec 2025	Common Stock	2,346	$0.000000	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These restricted stock units vested 25% on each of December 1, 2022, 2023, 2024 and 2025. Settlement of 100% of these shares occurred on December 2, 2025.